5 Key Areas You Need to Plan for an Effective E-Invoicing Implementation

The GST Council in its last meeting pushed the e-invoicing mandate to 1st Oct 2020. Here are 5key areas which need to be strategized considering the overall impact of e-invoicing on current practices, cost and efforts.

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E-Invoicing – Will it simplify or complicate your purchase cycle?

As a concept, e-invoicing has many advantages to offer to all the participants – suppliers, recipients and the Government. It also opens up avenues to provide value-added solutions and services by using the highly standard, processable and recent invoice data.

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February 2020, Newsletter #26

GST News | Budget 2020 in GST – Highlights | Advisory for GSTR-9 and 9C Simplification | Feature Highlight – EasyWayBill | E-Invoicing

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E-invoicing becomes mandatory from 1st October, 2020

On 13th Dec 2019, Government notified the e-invoicing rules, its applicability and date from when the notified rules will be effective. In all there were 5 notifications and a summary of notifications.

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Preparing for the New Returns: The Ultimate Guide

The new returns, which are supposed to be simplified, if followed in complete sense, can actually decrease the compliance processes. With real time invoice matching and monthly reconciliations, it will not only make compliance easier but would also boost tax revenues.

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November 2019, Newsletter #23

Ahead of GSTR3B due date, CBIC has resolved queries on provisional ITC @ 20% through Circular No. 123/42/2019-GST. Following is the list of clarifications issued...

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GST E-invoicing: 7-Steps of E-invoice Generation

Clearing the fog about a major misconception surrounding the E-invoice generation, it is not mandatory for a taxpayer to generate E-invoice through the government’s tax portal.

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GST: E-Invoicing Proposed Framework and Format Released by GSTN

E-invoicing model has been adopted by many countries globally with varying implementation models. The Indian adoption consists of following components.

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September 2019, Newsletter #21

Newsletter covers 37th GST Council Meeting – Key Highlights | E-invoicing | IRIS Sapphire: Navigation Upgrade | Provisional ITC

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E-invoicing – a Promising Reality for a Seamless GST Compliance

This new invoicing system is expected to be rolled out on a voluntary basis from January 2020 onwards. More information on the implementation model and final formats are anticipated to be released in the coming weeks.

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